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Oct 2, 2012 2:30pm PDT
working group set up by the president to investigate misconduct that led to the financial crisis. >> san francisco in october, 2008. ordinary americans who lost their homes in the subprime mortgage crisis protested mortgage bankers. the protesters blamed the brokers for the situation that led to many homeowners being unable to pay their mortgages. >> the bankers inside here are responsible for the crisis. they are getting rewarded while the victims of this crisis are being punished by losing the places they have to live. >> one bank that dealt in residential mortgage-backed securities was bear stearns. in 2008, the bank was collapsed and taken over by rival j.p. morgan. for years on, j.p. morgan is being held responsible for the actions done by the bank it took over. bear stearns is alleged to have committed massive fraud, causing damages of more than 17 billion euros. the evidence was assembled by a coalition of law enforcement agencies created by president barack obama in 2009. the lawsuit is part of a federal initiative to hold a major wall street players accountable for america's big
Search Results 0 to 1 of about 2 (some duplicates have been removed)